A number of states have enacted legislation providing that loan commitments must be in writing to be enforceable.

Name: A number of states have enacted legislation providing that loan commitments must be in writing to be enforceable.
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Quizplus · Accepted Answer

This is true. Several states have laws, known as the statute of frauds, that require certain types of contracts, including loan commitments, to be in writing to be legally enforceable.

A Number of States Have Enacted Legislation Providing That Loan